Tax Treatment of Retirement Plans, Pensions, and Annuities (Currently Unavailable)

Author: Paul J. Winn

Retirement Plans, Pensions and Annuities discusses the federal income tax treatment of, and limitations related to a) qualified employee plan contributions and distributions, and b) commercial annuity contracts. It examines the qualified plan limits and income taxability of: employer and employee contributions (including designated Roth account contributions); plan loans; life insurance contained in the plan; plan distributions, including distributions as periodic payments and non-periodic payments; required minimum distributions; and rollovers. The course also examines the tax treatment of lump-sum distributions and periodic payments received under commercial annuity contracts.

Publication Date: September 2016

Topics Covered

• Qualified employee plan contributions and distributions
• Commercial annuity contracts.
• Qualified plan limits and income taxability
• Designated Roth account contributions
• Plan loans
• Life insurance contained in the plan
• Plan distributions
• Distributions as periodic payments and non-periodic payments
• Required minimum distributions
• Rollovers
• Tax treatment of lump-sum distributions
• Periodic payments received under commercial annuity contracts

Learning Objectives

• Recognize the federal income tax treatment of retirement plans, pensions, and annuities
• Identify the qualified plan limits and income taxability
• Differentiate the primary determinant of a plan contribution for a plan participant
• Recognize an actuarial calculation for a target benefit plan generally performed
• Identify participant contribution plan maximum amounts
• Recognize premature distribution tax penalties applied and if the participant liable
• Identify the maximum number of employees an employer may have and remain eligible to offer a defined benefit/401(k) hybrid plan under current law
• Recognize employee eligibility under employer sponsoring plans
• Describe employee amounts of elective deferral made on a before-tax basis
• Identify tax penalties that applied to distributions from various plans
• Recognize the maximum amount an employee may contribute to an employer's 401(k) plan, if eligible
• Differentiate various employee cases in loan and payment distributions under qualified plans

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None